Trump suggests upcoming tariffs will be less harsh than expected, potentially easing trade war fears

From CNBC: 2025-03-26 12:52:00

President Donald Trump indicated that tariffs may be less severe than reciprocal as the April 2 deadline approaches. The White House clarified that non-tariff barriers won’t impact tariff rates. The softened stance could ease investor fears of a trade war slowing the economy. Consumer sentiment hit a 12-year low, affecting stock performance.

Read more: Trump says tariffs coming in April will ‘probably be more lenient than reciprocal’